The U.S. Department of Justice (DoJ) is bearing down on key players at hedge fund Premium Point Investments — now in bankruptcy — arresting them on charges of a scheme of mismarking hundreds of millions of dollars in structured credit products. The DoJ action sets the stage for a possible criminal trial as three of… Read More >>
Visium Pays $10M to Settle Insider Trading Charges
The SEC reports that Visium Asset Management LP, a now-shuttered hedge fund advisory firm, has agreed to be censured and to pay approximately $10 million to settle charges related to asset mismarking and insider trading. Separately, the SEC says that Steven Ku, age 48 and a resident of Princeton Junction, N.J., Visium’s former chief financial… Read More >>
